Ransomware: A Rising Threat of new age Digital Extortion

Abstract

This article attempts to discover the surreptitious features of ransomware and to address it in information systems security research. It intends to elicit attention with regard to ransomware, a newly emerged cyber threat using such encryption technology as RSA, and to help both academic researchers and IT practitioners understand the technological characteristics of ransomware, along with its severity analysis. As ransomware infections continue to rise and attacks employing refined algorithm become increasingly sophisticated, data protection faces serious challenges. The article discusses future trends and research directions related to ransomware, and provides prevention strategies for SMEs.